Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Rises By 113.4%
by Kim Johansen · The Markets DailyFAT Brands Inc. (NASDAQ:FATBB – Get Free Report) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 16,489 shares, an increase of 113.4% from the December 15th total of 7,726 shares. Based on an average daily trading volume, of 38,621 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,621 shares, the days-to-cover ratio is currently 0.4 days.
FAT Brands Stock Performance
Shares of NASDAQ FATBB traded down $0.07 during midday trading on Friday, reaching $1.07. 3,605 shares of the company’s stock were exchanged, compared to its average volume of 6,973. The business’s fifty day moving average price is $1.65 and its two-hundred day moving average price is $2.26. FAT Brands has a 52-week low of $1.03 and a 52-week high of $8.00. The stock has a market capitalization of $19.11 million, a PE ratio of -0.08 and a beta of 1.02.
FAT Brands (NASDAQ:FATBB – Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported ($3.39) earnings per share (EPS) for the quarter. The business had revenue of $140.01 million during the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of FAT Brands in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
Read Our Latest Research Report on FATBB
About FAT Brands
FAT Brands Inc is a global franchising company specializing in multi-brand full-service and fast-casual restaurants. Headquartered in Beverly Hills, California, the company focuses on expanding and supporting a diverse portfolio of restaurant concepts through franchising agreements and corporate-owned locations. Its platform-driven approach aims to provide operational expertise, marketing support and supply chain efficiencies to franchise partners.
The company’s portfolio includes well-known brands such as Fatburger, Johnny Rockets, Round Table Pizza, Twin Peaks, Fazoli’s, Hurricane Grill & Wings, and Yalla Mediterranean, among others.